Raymond James Q4 Net Revenue $3.05B vs $3B Est.
Portfolio Pulse from Benzinga Newsdesk
Raymond James Financial, Inc. (RJF) reported its Q4 net revenue at $3.05 billion, slightly above the estimated $3 billion.
October 25, 2023 | 8:14 pm
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POSITIVE IMPACT
Raymond James Financial's Q4 net revenue exceeded expectations, which could positively impact the company's stock in the short term.
Companies that report earnings above estimates often see a positive reaction in their stock price as it indicates better-than-expected performance. Therefore, RJF's stock could potentially rise in the short term.
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